The executive chairman of Meliuz has announced that his fintech company has become the first publicly-traded Bitcoin Treasury company of Brazil. The company got shareholder approval, and it also purchased $28.4 million worth of Bitcoin.  The chief executive officer of Meliuz, Israel Salemen, announced through X on May 15 that

• Meliuz purchased 274.52 Bitcoin with an average price of $103,604, getting a BTC yield of 600%.
• The company revealed that it would gather Bitcoin in an accretive way for shareholders using a range of financial instruments. 

The executive chairman of Meliuz has announced that his fintech company has become the first publicly-traded Bitcoin Treasury company of Brazil. The company got shareholder approval, and it also purchased $28.4 million worth of Bitcoin. 

The chief executive officer of Meliuz, Israel Salemen, announced through X on May 15 that it is a historic day where the company’s shareholders have approved by a wide majority and the change of Meliuz into the first Bitcoin Treasury Company listed in Brazil. 

He further added that the company purchased 274.52 Bitcoin with an average price of $103,604, getting a BTC yield of 600%. Currently, the company holds 320.3 bitcoins, worth around $33 million, having a recent accumulation of 45.73 bitcoins on March 6. 

The First BTC Treasury Company in LA 

According to the statement publicized on May 15, Meliuz revealed that it would gather Bitcoin in an accretive way for shareholders using a range of financial instruments.

Instead of only dedicating part of the cash to Bitcoin as a hedge against inflation or currency devaluation, the firm has relocated its purpose to act by increasing the amount of Bitcoin per share. 

As per the CEO, Meliuz has become the first Bitcoin treasury company in Latin America, as the planned investments are now part of its business strategy. The data from BitcoinTreasuries.NET reveals that the e-commerce platform, MercadoLibre, currently has over 570 Bitcoins, worth $59.2 million, adding the recent purchase of 157.7 BTC. 

After the publicization of Meliuz’s first Bitcoin purchase on March 6, the company has been performing well on the stock market in Brasil Bolsa Balcao. Google Finance data reveals that the stocks have skyrocketed by over 117% since then. 

The market capitalization is now at 727.9 Brazilian real, or over $128 million. Also, the company is popular for its cashback program and serves more than 30 million users in Brazil. 

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